UTI introduces mutual fund scheme for the elderly
Financial company Unit Trust of India (UTI) has introduced a new mutual fund plan called ‘UTI Family’.
The new scheme UTI Family (Father and Mother I Love You) will offer investment plans to the investors to take care of their elderly parents.
It allows a transfer of a fixed amount monthly through systematic withdrawal plan to either of the parent’s account.
The scheme can be available to new and existing investors.
It is a part of the company’s existing schemes, MIS Advantage Plan and Wealth Builder Fund.